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October 21 Market Close: GovCon Index Down, Posts 4th Straight Weekly Loss

GovConIndexDOWNExecutive Mosaic’s GovCon Index held lower Friday as large-cap primes fell to offset a jump by Honeywell International (NYSE: HON) on that company’s in-line third quarter earnings as the GCI ended at its fourth straight weekly loss.

GovCon Index laggers outnumbered advancers 2-to-1 in Friday trade and Honeywell was the GCI’s lone S&P 500-listed stock of 11 to move green after the industrial conglomerate’s third quarter earnings met analyst expectations and revenue exceeded Wall Street’s forecast.

U.S. stocks showed little change as traders watched a strengthening dollar and reports that Time Warner was in talks to be bought out by AT&T.

Honeywell indicated continued aerospace softness in the July-September period and pointed to weakness in the helicopter and business jet markets, the latter of which Textron (NYSE: TXT) cited as in the “early stages of recovery” Thursday in that company’s third quarter statement.

Volume in Honeywell shares closed at 3.3 million shares traded to fall below the three-month average of 3.4 million.

Honeywell ended as the GCI’s second-best net gainer Friday after fellow aerospace company Rockwell Collins (NYSE: COL) in first as defense primes weighed on the Index with notable decliners such as Huntington Ingalls Industries (NYSE: HII), Northrop Grumman (NYSE: NOC), Lockheed Martin (NYSE: LMT) and L-3 Communications (NYSE: LLL).

CACI International (NYSE: CACI) also registered in the GCI’s five lowest net performers Friday, while government health and human services contractor Maximus (NYSE: MMS) topped for percentage gainers.

On a weekly basis, 17 of the GovCon Index’s 30 companies gained with four of the advancers GCI- and S&P 500-listed companies as the latter U.S. stock market bellwether registered its first green week in three.

Orbital ATK (NYSE: OA) led GCI gainers over five days largely on its Tuesday jump after a successful launch the previous night of its Cygnus spacecraft to the International Space Station, while Engility Holdings (NYSE: EGL) ended as the week’s largest lagger.

In the broader U.S. stock market, telecommunications led seven other S&P 500 sectors lower with consumer as the best performer.

Market Summary

Index Value Net Change % Change
GovCon Index 79.147 -0.289 -0.364%
S&P 500 2, 141.16 -0.18 -0.01%
Dow Jones Industrial Average 18, 145.71 -16.64 -0.09%
NASDAQ 5, 257.40 +15.57 +0.30%
Advancing GovCon Index Issues 12
Declining GovCon Index Issues 18
Unchanged GovCon Index Issues 0

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
HII Huntington Ingalls Industries 155.68 -1.51 -0.96%
NOC Northrop Grumman * 215.86 -1.50 -0.69%
CACI CACI International 100.15 -1.35 -1.33%
LMT Lockheed Martin * 230.52 -1.31 -0.57%
LLL L-3 Communications * 146.33 -0.97 -0.66%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
TXT Textron * 38.91 -0.58 -1.47%
CACI CACI International 100.15 -1.35 -1.33%
EGL Engility Holdings 29.21 -0.35 -1.18%
ACM AECOM 26.99 -0.28 -1.03%
HII Huntington Ingalls Industries 155.68 -1.51 -0.96%

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
COL Rockwell Collins 84.46 +0.83 +0.99%
HON Honeywell International * 108.96 +0.82 +0.76%
MMS Maximus 53.92 +0.72 +1.35%
ICFI ICF 45.60 +0.15 +0.33%
VEC Vectrus 16.77 +0.13 +0.78%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
MMS Maximus 53.92 +0.72 +1.35%
COL Rockwell Collins 84.46 +0.83 +0.99%
KBR KBR 14.79 +0.12 +0.82%
VEC Vectrus 16.77 +0.13 +0.78%
HON Honeywell International * 108.96 +0.82 +0.76%
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